Opinion: The cold, hard (and sometimes offensive) truth about the boom in CEO pay | EKnightOfficial
Warning: Readers may be outraged and offended by the content of this column. The annual chief executive pay report has landed and with it a new record has been set: for the first time not one, but two executives have broken the $100 million pay barrier., who founded the former juggernaut of the buy-now-pay-later sector, Afterpay. They both took home more than 1,000 times the pay received by the average weekly worker.As financially lewd as this pay appears, it needs to be read in context.
In all, there were 17 chief executives from the top 100 listed companies that earned more than $10 million over this period. The first was the clear evidence of a bounce back in executive remuneration in 2021 after the 2020 year in which many took a pay cut or exercised restraint amid the global financial uncertainty around the COVID-19 pandemic.
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